“In the history of every great catastrophe, you will find that some masterly bit of stupidity sets fire to the oil-soaked rags.”
Edwin Lefèvre
"The cruelest lies are often told in silence."
Robert Louis Stevenson
"The world is ours, we are its lords, and ours it shall remain. As for the host of labor, it has been in the dirt since history began, and I read history aright. And in the dirt it shall remain so long as I and mine and those that come after us have the power.”
Jack London, The Iron Heel
“I recognize that there is a stock market bubble problem at this point, and I agree with Governor Lindsey that this is a problem that we should keep an eye on. We do have the possibility of raising major concerns by increasing margin requirements. I guarantee that if you want to get rid of the bubble, whatever it is, that will do it.”
Alan Greenspan, FOMC Minutes, September 24, 1996
It is difficult to get a man to understand something, when his salary depends on his not understanding it.”
Upton Sinclair
"We run carelessly to the precipice, after we have put up a façade to prevent ourselves from seeing it.”
Blaise Pascal
Stocks slumped today on the news of a brutal terror bombing among the evacuees at Kabul Airport.
Gold and silver were both hit, as is customary for an option expiration on the Comex.
Gold managed to take back its losses and finish in the green. Silver not so much.
The Dollar was up a bit, just taking back the 93 handle.
Fed Chair Jerome Powell will be giving the keynote address at Jackson Hole tomorrow.
Need little, want less, love more. For those who abide in love abide in God, and God in them.
Have a pleasant evening.
